Netflix shares slide 4% as slowing sales growth raises fresh concerns
Netflix shares fell after the streaming giant reported its slowest sales growth in three years and forecast another quarter of slowing revenue growth. Its fourth quarter sales outlook missed analysts’ expectations, while weaker than expected advertising revenue added to concerns. The stock had already declined 30% this year, underperforming the S&P 500.
Key Takeaways
- Netflix shares fell after the streaming giant reported its slowest sales growth in three years and forecast another quarter of slowing revenue growth.
- Its fourth quarter sales outlook missed analysts’ expectations, while weaker than expected advertising revenue added to concerns.
- The stock had already declined 30% this year, underperforming the S&P 500.
Netflix shares fell after the streaming giant reported its slowest sales growth in three years and forecast another quarter of slowing revenue growth. Its fourth quarter sales outlook missed analysts’ expectations, while weaker than expected advertising revenue added to concerns. The stock had already declined 30% this year, underperforming the S&P 500.
Original Publisher Attribution
This summary was curated from Economic Times.